Business activity in the euro zone is having a fairly robust December, according to the latest preliminary purchasing manager’s index (PMI) data for the region. The flash euro zone PMI composite output index, which looks at activity in both manufacturing and services sectors, came in at 49.8 in December, up from 45.3 in November. A […] Read more
The euro zone’s business activity rebounded in July, according to preliminary data, as strict coronavirus lockdowns were further eased and more people returned to work. In June, the region had already shown signs of a recovery with flash PMIs (Purchasing Managers’ Index) hitting 47.5 — up from 31.9 in May. A reading below 50 indicates an economic contraction. However, the […] Read more
